TD Securities Boosts Restaurant Brands International (NYSE:QSR) Price Target to $88.00

Restaurant Brands International (NYSE:QSR) (TSE:QSR) had its target price boosted by TD Securities from $84.00 to $88.00 in a report published on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other equities analysts also recently weighed in on QSR. Stifel Nicolaus boosted their target price on shares of Restaurant Brands International from $72.00 to $80.00 and gave the stock a hold rating in a research note on Thursday, January 4th. Guggenheim lifted their price target on shares of Restaurant Brands International from $70.00 to $74.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. KeyCorp increased their price objective on shares of Restaurant Brands International from $82.00 to $85.00 and gave the company an overweight rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of Restaurant Brands International from $78.00 to $82.00 and gave the company an overweight rating in a research report on Friday, February 16th. Finally, Robert W. Baird raised their price target on Restaurant Brands International from $76.00 to $82.00 and gave the stock a neutral rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $83.56.

Restaurant Brands International Stock Performance

NYSE QSR opened at $75.83 on Wednesday. The company has a 50 day moving average of $76.56 and a 200-day moving average of $74.59. Restaurant Brands International has a 1-year low of $61.77 and a 1-year high of $83.29. The firm has a market cap of $23.99 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.30 and a beta of 0.92. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 2.72.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. Restaurant Brands International had a return on equity of 31.12% and a net margin of 17.17%. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Restaurant Brands International will post 3.37 earnings per share for the current fiscal year.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, June 21st. Restaurant Brands International’s payout ratio is presently 59.79%.

Insider Buying and Selling

In related news, CFO Matthew Dunnigan sold 14,565 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total value of $1,110,726.90. Following the sale, the chief financial officer now directly owns 55,863 shares of the company’s stock, valued at $4,260,112.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Restaurant Brands International news, insider David Chan Shear sold 17,556 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $76.26, for a total transaction of $1,338,820.56. Following the completion of the transaction, the insider now owns 210,535 shares in the company, valued at approximately $16,055,399.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Dunnigan sold 14,565 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $76.26, for a total transaction of $1,110,726.90. Following the completion of the transaction, the chief financial officer now owns 55,863 shares in the company, valued at approximately $4,260,112.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 380,200 shares of company stock worth $28,828,182. Corporate insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Hedge funds have recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in Restaurant Brands International during the 1st quarter worth about $25,000. Pacifica Partners Inc. increased its holdings in Restaurant Brands International by 196.0% in the fourth quarter. Pacifica Partners Inc. now owns 370 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 245 shares in the last quarter. Rise Advisors LLC increased its holdings in Restaurant Brands International by 88.3% in the fourth quarter. Rise Advisors LLC now owns 371 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 174 shares in the last quarter. Oakworth Capital Inc. acquired a new position in Restaurant Brands International in the fourth quarter valued at approximately $30,000. Finally, Montag A & Associates Inc. bought a new position in shares of Restaurant Brands International during the 4th quarter worth approximately $30,000. Institutional investors own 82.29% of the company’s stock.

About Restaurant Brands International

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.